Mesirow Financial Investment Management Inc. Sold 8,791 Shares of Team, Inc. (TISI)

Mesirow Financial Investment Management Inc. Sold 8,791 Shares of Team, Inc. (TISI)

Mesirow Financial Investment Management Inc. trimmed its holdings in Team, Inc. (NYSE:TISI) by 39.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,344 shares of the business services provider’s stock after selling 8,791 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Team were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in Team by 7.4% during the second quarter. BlackRock Inc. now owns 4,154,901 shares of the business services provider’s stock worth $95,979,000 after purchasing an additional 286,802 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Team by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,421,190 shares of the business services provider’s stock worth $33,291,000 after purchasing an additional 229,727 shares during the last quarter. Royal Bank of Canada increased its position in Team by 1.1% during the first quarter. Royal Bank of Canada now owns 1,476,566 shares of the business services provider’s stock worth $20,303,000 after purchasing an additional 16,353 shares during the last quarter. Victory Capital Management Inc. increased its position in Team by 7.8% during the second quarter. Victory Capital Management Inc. now owns 1,440,426 shares of the business services provider’s stock worth $33,273,000 after purchasing an additional 104,726 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Team by 58.0% during the first quarter. Russell Investments Group Ltd. now owns 1,249,234 shares of the business services provider’s stock worth $17,176,000 after purchasing an additional 458,676 shares during the last quarter.

Shares of NYSE TISI traded up $0.56 during midday trading on Tuesday, hitting $22.96. The company’s stock had a trading volume of 1,454 shares, compared to its average volume of 435,826. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.50 and a current ratio of 2.86. Team, Inc. has a 1 year low of $11.45 and a 1 year high of $25.55. The firm has a market cap of $675.48 million, a price-to-earnings ratio of -53.31 and a beta of 1.76.

Team (NYSE:TISI) last posted its quarterly earnings data on Tuesday, August 7th. The business services provider reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.14). Team had a negative net margin of 10.73% and a negative return on equity of 4.72%. The business had revenue of $343.89 million during the quarter, compared to analysts’ expectations of $337.70 million. Equities analysts predict that Team, Inc. will post -1.06 EPS for the current fiscal year.

Several brokerages have weighed in on TISI. KeyCorp increased their target price on shares of Team from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. ValuEngine lowered shares of Team from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Team currently has a consensus rating of “Buy” and a consensus target price of $26.00.

Team Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.

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